The Financial Supervision Commission has deleted the company Capital Concept Limited (CCL). She became famous for her project to build the “Bulgarian Las Vegas” – hotels, casinos and a water park on the outskirts of Sofia.
The main reason for deleting the company is violation of the requirements for announcing public information by the company.
CSL was listed on the Bulgarian Stock Exchange. Its capitalization amounted to BGN 16 billion, which is a huge amount against the background of the fact that the market valuation of all companies in SOFIX has a total value of less than BGN 5 billion.
CSL was established ten years ago with funding from Asian investors. In 2015, the company bought the “Sveta Sofia” complex, on the site of which it was to build the “Bulgarian Las Vegas”. It was to include a 5-star hotel with 2,600 rooms and another 4-star with 1,000 rooms, a shopping mall, a water park and other facilities. The planned investment was worth BGN 3.4 billion.
You can see detailed statistics on average property prices in Bulgaria by cities and neighborhoods HERE